Fxprotrader

AUDNZD Pending Bearish Butterfly Pattern

Short
FX:AUDNZD   Australian Dollar / New Zealand Dollar
in a previous post (link below) i posted a setup with a bearish bat pattern which worked wonders dropping price reaching both of the profit targets. In it's way to the down, price broke a support level, and now it's rising once again forming a corrective structure. Moving up will soon complete a bearish butterfly pattern.

Stoploss and profit targets as shown at the chart. As always if price reaches the first target we move stoploss to BE at second trade.
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